XAU/USD remains below 1,875.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%58%-1.5%
Shorts43%42%1.9%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuySellNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate

As apparent on the chart, the XAU/USD exchange rate failed to surpass the 1,875.00 level.

It is likely gold could gain support from the 100– and 200-hour moving averages near 1,850.00 and trade upwards in the short term. In this case the price for gold could target the psychological level at 1,890.00.

However, if the 1,875.00 mark hold, the yellow metal could trade sideways against the US Dollar within the following trading session.

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